Piedmont Realty Trust (PDM) CFO sees 11,150 RSUs vest into common stock

Rhea-AI Filing Summary

Piedmont Realty Trust EVP-CFO Sherry L. Rexroad reported the vesting and settlement of equity compensation. On February 3, 2026, 11,150 restricted stock units were converted into the same number of Piedmont common shares at an exercise price of $0 per share.

These units were part of a grant of 44,601 deferred stock units awarded on February 3, 2025, vesting in four equal annual installments. The filing shows Rexroad directly owning 43,151 shares of common stock and 78,906 restricted stock units following the transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

REXROAD SHERRY L

(Last) (First) (Middle)

5565 GLENRIDGE CONNECTOR

STE. 450

(Street)

ATLANTA GA 30342

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Piedmont Realty Trust, Inc. [ PDM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		M		11,150	A	(1)(2)	43,151	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/03/2026		M			11,150	(2)	(2)	Common Stock	11,150	$0	78,906	D

Explanation of Responses:

1. Each deferred stock unit represents a contingent right to receive one share of PDM common stock. Deferred stock units may be settled in cash or common stock at PDM's election.

2. On February 3, 2025, the reporting person was granted 44,601 deferred stock units, vesting in four equal, annual installments beginning on the anniversary of the grant date. On February 3, 2026, the initial 25% of the grant vested (11,150 shares) and were settled in PDM common stock.

Remarks:

	/s/ M. Wade Grace III as Attorney-in-Fact for Sherry L. Rexroad	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Piedmont Realty Trust (PDM) report for Sherry L. Rexroad?

Piedmont Realty Trust reported that EVP-CFO Sherry L. Rexroad had 11,150 restricted stock units convert into 11,150 common shares at $0 per share. This reflects routine vesting of previously granted equity compensation under her long-term incentive award.

When did Sherry L. Rexroad’s restricted stock units vest at Piedmont Realty Trust (PDM)?

The reported vesting occurred on February 3, 2026, when 11,150 restricted stock units vested and were settled in common stock. These units represent the first 25% installment of a deferred stock unit grant awarded on February 3, 2025.

How many Piedmont Realty Trust (PDM) shares does Sherry L. Rexroad hold after this Form 4?

After the reported transactions, Sherry L. Rexroad directly owns 43,151 shares of Piedmont common stock. She also beneficially owns 78,906 restricted stock units, which represent contingent rights to receive an equivalent number of common shares, subject to plan terms.

What was the origin of the 11,150 vested units for Piedmont Realty Trust (PDM)?

The 11,150 vested units came from a grant of 44,601 deferred stock units awarded on February 3, 2025. That grant vests in four equal annual installments, and the February 3, 2026 transaction reflects the initial 25% vesting tranche.

How do deferred stock units work at Piedmont Realty Trust (PDM) for this grant?

Each deferred stock unit represents a contingent right to receive one share of Piedmont common stock. Under the disclosed terms, deferred stock units may be settled in either cash or common stock at Piedmont Realty Trust’s election upon vesting or settlement events.

What transaction code was used in Sherry L. Rexroad’s Form 4 for Piedmont Realty Trust (PDM)?

The Form 4 uses transaction code “M,” indicating an exercise or conversion of derivative securities. In this case, 11,150 restricted stock units were converted into the same number of common shares at an exercise price of $0 per share under a previously granted equity award.